Artificial Intelligence strategic priority for Michelin

Artificial intelligence (AI) is in full expansion right now. This field lies at the crossroads of various disciplines and seeks to enhance both business performance and workplace quality of life. We can define AI as a science that lets machines perform an action faster and often better than people can. Over the past several years, […]

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Goodyear to invest US$36m in off-the-road tyre production

Goodyear has announced a US$36m investment to increase off-the-road tyre production and fund process improvements at its manufacturing plant in Colmar-Berg, Luxembourg. David Anckaert, VP of Goodyear commercial Europe, said, “The demand for premium OTR tyres continues to grow worldwide thanks to the expansion of mining and construction operations, as well as developments in the […]

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Bridgestone Reports ‘Steady Progress’ on 100% Sustainability by 2050

The Bridgestone Group has seen “steady progress” in implementing its Global Sustainable Procurement Policy, which aims to ensure alignment with the company’s use of “100 percent sustainable materials” by 2050 and beyond. Through a 2018 partnership with EcoVadis, a provider of sustainability, risk and performance ratings for global supply chains, Bridgestone is assessing suppliers’ current sustainability practices, as […]

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Goodyear reports 1st quarter 2019 results

– First quarter revenue per tire up 4%, excluding foreign exchange – U.S. consumer replacement tire shipments increase 6% – Modernization of Hanau and Fulda plants will increase cost-effective supply of premium tires – Goodyear extends maturity and increases liquidity in €800 million European revolving credit facility refinancing AKRON, Ohio, April 26, 2019 – The Goodyear […]

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Goodyear’s ultimate all-rounder: new Eagle F1 Asymmetric 5 combines luxurious comfort with superior wet braking and dry handling performance

Successor to popular and acclaimed Eagle F1 Asymmetric 3 range Innovative technologies unlock significant improvements in wet braking and dry handling without compromising ride comfort or road noise Caters to growing Ultra High Performance (UHP) market, with 34 SKUs arriving between Q1 2019 and Q1 2020with fitments from Volkswagen Golf to Porsche 911 Goodyear has […]

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U.S. To Hike Tariffs 25% on $200 Billion Worth of Chinese Imports

USTR’s announcement is in response to President Trump’s tweet May 5 pledging to increase tariffs due to lack of progress in discussions with China. Chinese Vice Premier Liu is expected to arrive in Washington on Thursday to continue trade negotiations. The notice states that an exclusion process will be established for interested parties to file for products […]

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Moody’s downgrades Goodyear’s credit rating

Moody’s Investors Service downgraded the ratings of The Goodyear Tire & Rubber Company including the corporate family and probability of default ratings to Ba3 from Ba2, and Ba3-PD from Ba2-PD, respectively. In a related action, Moody’s downgraded Goodyear’s senior secured second-lien term loan, to Ba1 from Baa3; senior unsecured guaranteed notes to B1 from Ba3, senior unsecured […]

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Fraunhofer Institutes develops synthetic rubber ‘BISYKA’ for tyre manufacturing

Researchers at the Fraunhofer Institute for Applied Polymer Research in Germany claims to have developed synthetic rubber that has superior character to natural rubber. “Our synthetic rubber BISYKA – that’s a German abbreviation for “biomimetic synthetic rubber” – actually has superior characteristics to natural rubber,” says Dr. Ulrich Wendler, who heads the project at the […]

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China’s Sunsine Chemical investing in new rubber chemical site in Shandong

China Sunsine Chemical Holdings Ltd. wholly-owned subsidiary, Shandong Sunsine Chemical Co. has announced expansion in the Southwest of Shandong Province. The company acquired approximately 534,000 m2 of land in Shandong Shanxian Chemical Zone in Shanxian County in the Shandong Province in early March. Shandong Sunsine is expanding its capacities in Rubber Chemical products and investing […]

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